Afew years ago the firm issued $4,000,000 debt with a coupon rate of 4%; currently that debt is trading with a yield to maturity of 5.5% and a value of $3,500,000. the firm has 1,000,000 common shares outstanding at a value of $6/share. you look up the asset beta for firms in the same industry (sic) code and determine that value is 1.15. the firm plans on keeping it's d/e ratio constant (at the current level) going forward and the tax rate is expected to be 35%. the beta of the firms debt is estimated as 0.10, the risk free rate is 3% and the market return is 9.8%.

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; depth;

the best way to learn how to declare a major is to talk to a admissions office.

the answer is a.

by: nicholas dooley